Limited storage for refined products has forced BP to cut the refinery rates at its three largest refineries in the United States to 80-85 percent as fuel demand is crumbling amid lockdowns and stay-at-home orders, Reuters reported on Thursday, quoting sources with knowledge of the refinery operations. Sources told Reuters last week that BP has reduced refinery run rates at its 430,000-bpd refinery in Whiting, Indiana, the 242,000-bpd Cherry Point, Washington, refinery, and the 155,000-bpd in Toledo, Ohio, refinery, due to low demand from U.S. consumers. Oil majors began to reduce refinery run rates across the U.S. at the end of March when states began to take measures to flatten the curve for the number of coronavirus cases. U.S. oil supermajor ExxonMobil has reduced the run rates at its second-largest refinery in the United States, Baton Rouge in Louisiana, after slumping fuel demand filled storage tanks, sources with knowledge […]